COMMERCIAL.

Daily Telegraph (Napier), Issue 3554, 29 November 1882, Page 2

COMMERCIAL.

Messrs Banner and Liddle report : —We held our opening wool sale for this season yesterday, and although the quantity available in time was comparatively small owing to the recent wet weather, still there was a large attendance of buyers, and competition was pretty active. Great interest was evinced in this sale, it being the first of the season, and we were prepared for some slight hesitation in biddings at the outset, owing to the late cable reports of the London auctions showing a fall at the opening of the present series. We are glad to report, however, that our anticipations were not realised, the various lots having been well competed for, and prices ruling (as quoted below) on a level, which cannot but prove highly satisfactory to growers. We are glad to find that our efforts to bring outside competition into this market are likely to prove successful, and we have no doubt that as our auctions attain a greater magnitude, foreign buyers will be attracted with favorable results as regards prices, which was plainly shown in yesterday's sale. Wo offered 114 bales, principally half and three-quarter-bred Lincoln merinos, which sold at Bfd to 9_d for half-bred, and 1U to B|d for three-quarter-bred. Some lots of ordinary crossbred fetched B|-d to Bsd. Crossbred pieces brought 4d to sid, and locks 23d. Scoured did not seem in very much request, and some Jots were passed in at 14f d for merino skin wool, and 12£ d for crossbred skin wool. Scoured pieces fetched Bid to 10£ d, and locks up to 7d. Our next sale will be held early in December, for which we have already in store a quantity of wool, and for which early entries are requested. (Br telegraph.) Christchurch, November 29. The Canterbury wool sales opened yesterday. Messrs Matson and Co. offered 925 bales, 723 of which were disposed of. The highest value obtained was 9|d per lb for crossbred wool, light in grease. Messrs Wilkin and Co. offered about 1320 bales. Crossbred fetched 7d to 9|d, merinos 7|d to 9fd, and scoured 1/1_ to 1/6. Prices generally|were 1-f d to 2d below last season's. [by cable.] London, November 26. Consols remain at 102-L The market rate of discount has fallen to 3 5 j bank-rate, 5. November 27. Consols are quoted at an advance of one-eighth. There are no other changes to report in colonial securities or produce. Melbourne, November 28. . The National Mortgage and Agency Company of New Zealand report the following latest [market quotations : —Nothing doing in malting barley, and prices nominal; shipping wheat decidedly firmer at 5/6; New Zealand oats, duty paid, rather weaker at 3/9 to 4/2 for feeding qualitiea, and 4/3 to 4/4 for milling ditto ; rather more enquiry for New Zealand oats in bond, and prices are less depressed, present quotations ranging from 3/4 to 3/8; prime hams in good demand at 9:fd, and there is a fair demand for bacon at Bd. Owing to recent heavy rains business ia dull, and the bad weather has hindered the progress of the harvest operations in the grain districts.